A new building for the next generation of entrepreneurs is coming to the University of Utah. The Lassonde Entrepreneur Institute announced today a 12 million dollar gift from Pierre Lassonde. Mr. Lassonde, a French Canadian mining entrepreneur with an MBA from the U, says his donation will be used to create a new facility where students will live, create, and launch new enterprises.

A group of entrepreneurs is creating a center for social innovation in the heart of downtown Salt Lake City. Known as HUB Salt Lake, the center is expected to open its doors by late fall.

HUB Salt Lake will be located in the former Zim’s Arts and Crafts store at 150 South State Street. Right now, it’s 13,000 square feet of open space. City councilmember and architect Søren Simonsen is a co-founder, and he imagines the HUB as a workspace for entrepreneurs trying to solve societal problems.

Entrepreneur Jim Sorenson has given the University of Utah $13 million to create a one-of-a-kind global impact investing center. The Center will be part of the U’s David Eccles School of Business and will provide students with training and experience in social entrepreneurship.